St. Johns, Fla. — CBRE has brokered the $19.2 million sale of Shoppes at Beachwalk, a newly built, Publix-anchored shopping center located in St. Johns, about 22 miles from Jacksonville. The developer, Pebb Enterprises, delivered the 58,887-square-foot shopping center last year. Publix Super Markets purchased Shoppes at Beachwalk, which was fully occupied at the time of sale. Casey Rosen and Dennis Carson of CBRE’s National Retail Partners team represented the seller in the transaction.
Bloomingdale, Ill. — Burlington has signed a lease to open a 27,726-square-foot store at Stratford Crossing in Bloomingdale, about 27 miles from Chicago. Burlington will be the ninth anchor tenant to join the 385,000-square-foot shopping center, which is home to T.J. Maxx, HomeGoods, Mariano’s, PetSmart, Hobby Lobby and Planet Fitness. Joe Parrott, Sean McCourt and Riley McCarron of CBRE represented the ownership, an affiliate of Newmark Merrill Cos., in the leasing transaction. Burlington is scheduled to open later this year.
Flower Mound, Texas — Weitzman has arranged the sale of Arbor Crossing, a 19,260-square-foot shopping center in Flower Mound, about 28 miles from Dallas. The property was fully leased at the time of sale to tenants such as The UPS Store, Verizon Wireless, Nekter Juice Bar and Fuzzy’s Taco Shop. Michelle Caplan and Matthew Rosenfeld of Weitzman, along with Scott Remphrey of Brytar Cos., which developed the property, represented the seller in the transaction. Rob Holuba, Patrick Camporini, Victoria Taylor Madrid and Justin Okumus with CenterSquare Investment Management, which acquired …
Puerto Rico — Forge Capital Partners and The Sembler Co. have sold The Plazas of Puerto Rico, a portfolio of retail centers totaling 555,016 square feet across the island of Puerto Rico. A joint venture between Lamar, CCM Puerto Rico and Real Capital Solutions acquired the properties for $80.3 million. Danny Finkle, Eric Williams, Kim Flores and Andrew Carlson of JLL represented the sellers in the transaction. Dispositions include Juncos Plaza in Juncos; Plaza Los Prados in Caguas; Manatí Centro Plaza in Manatí; and University Plaza in Mayagüez. The portfolio …
Williamsburg, Va. — Broad Street Realty Inc. is set to acquire Midtown Row, a mixed-use property in Williamsburg, for $122 million. The firm plans to close on the acquisition from an undisclosed seller by the end of the second quarter. Midtown Row features 63,573 square feet of retail space, 630 beds of student housing and office space. The property is located adjacent to the College of William & Mary, less than one mile from Colonial Williamsburg and less than five miles from Jamestown, Yorktown and Busch Gardens.
Roswell, Ga. — JLL Capital Markets has arranged the $29.5 million sale of Connexion at Holcomb Bridge, a 106,711-square-foot neighborhood retail center in Roswell, about 21 miles from downtown Atlanta. Jim Hamilton, Brad Buchanan and Taylor Callaway of JLL Capital Markets represented the seller, DNA Partners, in the disposition of the property to Brixmor Property Group. The center is home to tenants including Planet Fitness, Starbucks Coffee, Kale Me Crazy, My Salon Suite, Emory Healthcare Network, Dogtopia and From the Earth Brewing Co. Originally constructed in 1985, the property was …
Cedar Park, Texas — Matthews Real Estate Investment Services has negotiated the sale of a 21,061-square-foot retail strip center located at 1201 N. Lakeline Blvd. in Cedar Park, about 26 miles from Austin. DeWitt Goss and Jeff Miller of Matthews represented the seller, Saadeh Properties, in the transaction. The buyer was Legacy Properties. The center was 94 percent leased at the time of sale.
St. Cloud, Minn. — Hanley Investment Group Real Estate Advisors has negotiated the $3.5 million sale of a Raising Cane’s ground lease in St. Cloud near Minneapolis. Built in 2021, the 3,493-square-foot restaurant is located at 2635 W. Division St. Jeff Lefko and Bill Asher of Hanley, in conjunction with Rob Wise of CBRE, represented the seller, TOLD Development Co. Chris Rodriguez of Pacific Commercial Investments Inc. represented the buyer, Caravella Properties.
Huntsville, Ala. — PBR x Lockhart Smokehouse will open this year at Bridge Street Town Center, a mixed-use development by Bayer Properties in Huntsville. The dining concept is a partnership between the Professional Bull Riders (PBR) Cowboy Bar, Lockhart Smokehouse and Live! Concepts. The 8,121-square-foot restaurant will include a bar area, indoor seating, a mechanical bull and an outdoor patio with fire pits. In total, Bridge Street Town Center is home to 50 retailers and restaurants; more than 207,000 square feet of fully-occupied, Class-A office space; a 232-room Westin hotel; …
Cherry Hill, N.J. — Pennsylvania Real Estate Investment Trust (PREIT) has announced several new retailers and restaurants set to open at Cherry Hill Mall, located about 8 miles outside of Philadelphia in southern New Jersey. Upscale seafood concept Eddie V’s will open its first restaurant in the area this fall, while Marc Cain, a women’s apparel brand based in Germany, will join the lineup of soft goods retailers with a March opening. Other upcoming additions to the tenant roster include Warby Parker and Amazon 4-Star.